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Most regulations designed to reduce environmental externalities impose costs on individuals and firms. An active body … environmental externalities. We review this burgeoning literature and develop a simple and general framework for focusing future … empirical investigations. We apply our framework to findings related to the economic impact of air pollution, deforestation, and …
Persistent link: https://www.econbiz.de/10012453831
Most regulations designed to reduce environmental externalities impose costs on individuals and firms. An active body … environmental externalities. We review this burgeoning literature and develop a simple and general framework for focusing future … empirical investigations. We apply our framework to findings related to the economic impact of air pollution, deforestation, and …
Persistent link: https://www.econbiz.de/10012946487
to reduce climate and health externalities. …
Persistent link: https://www.econbiz.de/10014295072
We develop a dynamic regulation game for a stock externality under asymmetric information and future market uncertainty. Within this framework, regulation is characterized as the implementation of a welfare-maximization program conditional on informational constraints. We identify the most...
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